The EITF is a group of senior accountants from major firms first assembled by FASB in 1984 to discuss cutting-edge accounting issues (no joke) before they become big problems.
Until 2009, FASB publishes a book called EITF Abstracts: A Summary of Proceedings of the FASB Emerging Issues Task Force, which contained summaries of FASB discussions, known as "Issues." This has been superseded by the FASB Accounting Standards Codification, but you can still see the old Abstracts if you scroll down to the "View EITF Abstracts" section of the
Pre-Codification Standards page of the FASB web site.
For more information about EITF and issues recently decided or currently under consideration, see the Emerging Issues Task Force (EITF) page of the FASB Web site. For a discussion of EITF Issues, look in the Miller GAAP Guide. For questions about EITFs (e.g., to find out when an Issue was most recently discussed and whether an consensus was reached), call FASB (203-847-0700).